Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(SUMICHEM) Sumitomo Chem complete technical analysis [charts+indicators] | Buy/Sell Sumitomo Chem | (SUMICHEM) share price targets

Complete technical analysis of Sumitomo Chem (SUMICHEM) by charts plus indicators, forecast predictions and share price targets for Sumitomo Chem (SUMICHEM)

10 day averaged volume of Sumitomo Chem is 992969

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	480.75	492.00	492.45	479.00	0.154 times
24 Mon Jun 2024	488.50	492.00	497.55	481.20	0.44 times
21 Fri Jun 2024	492.50	499.50	502.95	486.35	1.903 times
20 Thu Jun 2024	496.35	473.30	503.00	470.30	1.584 times
19 Wed Jun 2024	473.75	480.00	491.70	469.35	1.516 times
18 Tue Jun 2024	478.65	505.95	510.75	476.30	1.208 times
14 Fri Jun 2024	497.55	490.00	503.95	488.10	0.733 times
13 Thu Jun 2024	488.90	489.00	491.25	479.80	0.353 times
12 Wed Jun 2024	488.10	491.55	493.45	477.20	0.857 times
11 Tue Jun 2024	487.85	500.00	502.70	485.00	0.663 times

My analysis of stock is bearish for shortterm, and stock might move down till 467.7 or till 451.8. Use a stoploss of 480.95 and if the stock hits stoploss, then it can shoot up till 494.2

Share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Target	336.10
Downside Target	350.05
Downside Target	370.00
Downside Target	379.95
Downside Target	414.25
Downside Target	426.80
Downside Target	469.35
Upside Target	497.55
Upside Target	498.00
Upside Target	500.00
Upside Target	506.00
Upside Target	510.75

Intraday share price targets for Sumitomo Chem (SUMICHEM)

Target Type	Value
Downside Intraday Target	473.98
Downside Intraday Target	467.22
Upside Intraday Target	492.53
Upside Intraday Target	504.32
Upside Intraday Target	485.77

Weekly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	480.75	492.00	497.55	479.00	0.096 times
21 Fri Jun 2024	492.50	505.95	510.75	469.35	1.855 times
14 Fri Jun 2024	497.55	484.85	506.00	477.20	0.628 times
07 Fri Jun 2024	482.80	472.00	500.00	426.80	0.246 times
31 Fri May 2024	463.65	443.00	498.00	435.00	5.113 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sumitomo Chem (SUMICHEM)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	480.75	472.00	510.75	426.80	0.539 times
31 Fri May 2024	463.65	401.90	498.00	380.05	3.741 times
30 Tue Apr 2024	401.10	354.95	414.40	350.05	1.056 times
28 Thu Mar 2024	347.75	375.65	379.95	336.10	1.324 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sumitomo Chem (SUMICHEM)

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sumitomo Chem ( (SUMICHEM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sumitomo Chem stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sumitomo Chem in short term but the sell signal is initial and weak.

Sumitomo Chem Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sumitomo Chem in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sumitomo Chem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 487.5 and Sumitomo Chem (SUMICHEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sumitomo Chem (SUMICHEM) stock. Volume based technical analysis of Sumitomo Chem (SUMICHEM) stock is negative.

Sumitomo Chem Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.